Worried About Not Having Enough Money?

Are you concerned about not having enough money for your kids, for yourself, for your retirement? The key is to make the right financial decisions today so that your future self will be taken care of.

The right financial decisions are:

• Spend less than you earn, and invest the difference
• Pay off your debts quickly
• Eliminate or reduce the hidden fees you pay in mutual funds

All mutual funds carry fees, these fees are called the Management Expense Ratio (MER). The MER is there to pay the mutual fund manager’s salary, their staff, rent for the office space, the computers, and other administrative matters.

Even a 2.2% MER fee can eat up a large portion of your savings. $1000 invested in the stock market 50 years ago would be worth $514,000 today. However with fees of 2.2% the investor would only be left with $193,000 today. $321,000 would have been lost to fees. More than 62% of your investment would be lost to fees; no wonder most people are worried about not having enough money!

Can you afford to lose $321,000? If not, you owe it to yourself to learn how to invest by yourself for yourself. Investing is simple, focus on buying quality stocks when they are undervalued. Worried about investing in stocks? Don’t be, you’re already investing in the stock market each time you buy equity mutual funds. So you might as well learn how to invest properly for yourself and save the 2.2% fee.

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